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international / worker & community struggles and protests / opinion/analysis Tuesday July 28, 2015 17:20 by International Communst Party
At the end of yet another «historic» marathon session Brussels negotiations between the Greek government and its creditors, a «definitive» agreement has yet again been found to «resolve" the Greek crisis: Greek Prime Minister Tsipras and his team have come to accept as a condition for new loans to the virtually bankrupt Greek government, a plan of austerity measures significantly harsher than he had rejected a week earlier and against which he had, supposedly, held a referendum! The only point where he apparently got something concrete, is that of the reduction in military spending: the creditors have accepted that it is weaker than what they asked for... read full story / add a comment
dublin / economics and finance / event notice Monday July 27, 2015 23:01 by pbp
The EU has enforced a humiliating surrender on Greece. The Syriza government that was elected to end austerity has been forced to implement it. The meaning of Wolfgang Schauble, the German Finance Minister’s infamous phrase ‘we can’t possibly allow an election to change anything’ is now clear. The scale of the brutality is astounding. To take just one example: there will be a ‘significantly scaled up privatisation programme’ to generate a fund of €50 billion. This fund will then be effectively controlled by the EU to ensure that bank debt and bondholders are paid off. Up to now €7 billion worth of privatisation has been pushed through by other governments in Greece. The Irish government helped humiliate the Greeks. The former Greek Finance Minister, Yanis Varoufakis, has stated that Ireland – along with Spain and Portugal – were among his ‘energetic enemies’. read full story / add a comment |
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